Yida China Announces 2015 Interim Results, With an Ever-stronger Leading Position as Business Park Operator and Developer in China

To: Business Editor【For Immediate Release】Yida China Holdings Limited億達中國控股有限公司

Yida China Announces 2015 Interim ResultsWith an Ever-stronger Leading Position as Business Park Operator and Developer in China

[21 August 2015, Hong Kong] The leading business park operator in China -- Yida China Holdings Limited ("Yida China" or the "Company", and, together with its subsidiaries, the "Group"; stock code: 3639), announced its unaudited interim results for the six months ended 30 June 2015 ("period under review").

During the period under review, the revenue of the Group was RMB2,753.7 million, among which, business park operation and management income amounted to RMB13.4 million, representing an increase of 473.5% as compared to the same period in 2014. Gross profit amounted to RMB839.7 million, and gross profit margin was 30.5%. Profit attributable to equity owners amounted to RMB313.8 million; core net profit attributable to equity owners amounted to RMB284.8 million, and core net profit margin was 10.3%. Basic earnings per share were RMB12.14 cents, while basic core earnings per share were RMB11.02 cents.

Mr. Sun Yinhuan, Chairman of Yida China Holdings Limited said, "As China's economic growth gradually picks up, in the first half of 2015, the government continued to strengthen its policies to promote stable economic growth. Yida China adopted a series of policies to solidify our leading position as business park operator and developer in China. Seizing opportunities arising from the development of the industry, the Group adhered to its customer-oriented philosophy and utilized the "Internet Plus" platform, and this further enhanced its development of the business parks and the capability of operation and management over the parks. During the period under review, the development and operation of all of the Group's business parks progressed smoothly."

Affected by a multiple of factors such as costs, government policies, ancillary facilities and transportation, business park has become more popular among tenants which primarily engage in sectors such as technological research and development, IT, strategic emerging industries, financial back office services, headquarters economic activities, cultural and creative industries, and industrial design moving into business parks. The overall performance of business park market was promising with significant demand while competition on quality would intensify as a result of continuous elevation of the overall standard of software and hardware of various business parks. In addition, driven by the government's call for "Mass Entrepreneurship and Mass Innovation" (" 大眾創業,萬眾創新"), a multiple of policies that promote the development of small-to-medium-sized microenterprises were promulgated by both central and local government, which gave rise to new market opportunities for industrial real estate. During the period under review, there were 19 residential property projects in business parks on sale, achieved contracted sales of approximately RMB1,979 million, representing 49% of the contracted sales amount of the Group for the period (equity share amount of approximately RMB1,658 million), the gross floor area of contracted sales was 149,864 sq.m.. As of 30 June 2015, the Group has a total of 12 multi-functional integrated residential community projects on sale, achieved contracted sales of approximately RMB2,098 million, representing 51% of the contracted sales amount of the Group for the period (equity share amount of approximately RMB2,056 million), the gross floor area of the contracted sales was 352,146 sq.m..

As of 30 June 2015, the occupancy rate of Dalian Software Park was approximately 95%, with 284 enterprises in total, including 48 Fortune Global 500 Enterprises. Dalian BEST City Core Area Business Park had tenants from 54 enterprises, including 6 Fortune Global 500 Enterprises, among them were Panasonic, Hitachi and GOODYEAR. In addition to the lease and operation of office buildings in the business parks, the Group has further extended its scope of operation to the sale of office properties. Ridding on the rising cluster effect of software industries in the region, Wuhan First City was dedicated to explore the enterprise resources over the upstream and downstream of the industry chain. The Group's core capability in the development of business parks through integration of sale and lease models gained sufficient market recognition.

Abiding by its pre-determined development strategies, the Group's expansion focused on cities such as Shanghai, Beijing, Shenzhen and Hangzhou. The Group also further expanded its business of operation and management of light-assets. As at 30 June 2015, business parks that were contracted for entrusted operation included Phase I of Wuhan First City (武漢新城一期), Shanghai Jiangqiao Business Park (上海江橋商務園), Suzhou High-speed Rail Cultural and Creative Park (蘇州高鐵文創園), Suzhou Wuzhong Shangjinwan Project (蘇州吳中尚金灣項目) and Shenzhen Longhua Haikexing Project (深圳龍華海科興項目). During the period under review, the total area under light-assets operation and management increased by approximately 560,000 sq.m..

Chairman Sun Yinhuan concluded, "In the second half of the year, the Group will continue to uphold its development goal of "Combining Light and Heavy Assets Operations" and its development focus of "Enhancing Capability and Expanding Scale" so as to further elevate its capability of business solicitation, operation and property management in respect of office buildings, and enhance its recognition from the government, market and business partners. By grasping the opportunities brought by the favourable government policies in respect of industrial innovation, the Group will follow the trend of innovation-driven industrial development and capitalize on various new driving forces of business growth with its experience in the operation and management of the business parks accumulated throughout years. The Group will strengthen its effort in expanding into various target cities such as Shanghai, Beijing, Shenzhen and Hangzhou. In addition, by prioritizing light asset business, promoting its solutions for the whole industry chain on the planning and construction of industry profile of business parks, business solicitation and operation, property management and value-added services, and riding on its experience and strength in the upgrade of industry profile, the Group will drive the development and expansion of investment business, implement the business mode that involves high degree of city-industry integration, and strive to become the best business park operator in China."－ End －About Yida China Holdings Limited Yida China Holdings Limited, a leading operator of business park in China, was listed on the Main Board of the Hong Kong Stock Exchange on 27 June 2014. Since 1998, the Company has led the development and operation of over ten business park projects, including Dalian Software Park, Dalian BEST City Core Area Business Park, Wuhan First City, Ascendas IT Park, Dalian Tiandi, Yida Information Software Park, Suzhou Hi-tech Software Park, Wuhan Optical Valley Software Park, Tianjin Binhai Service Outsourcing Industry Park, Shanghai Jiangqiao Business Park, Shenzhen Longhua Haikexing Project, Suzhou High-speed Rail Cultural and Creative Park and Suzhou Wuzhong Shangjinwan Project. Yida China has accumulated more than 80 Fortune 500 enterprises and partners, and therefore accumulated rich experience in operation and management of business parks. Upholding the philosophy of "Growing cities with IT technology, balance development and create value together", Yida China is devoted to duplicating innovative and successful business model to more cities and making business parks cohesively integrate technology and city, thus rendering the working space functioning well, green and low-carbon, environmentally pleasant and harmonious, as well as sustainable.

For more information, please visit: http://www.yidachina.com

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